A piece today from Australian stock broker CommSec

(Chief Economist Craig James)

In brief:

  • The latest economic data raises even more questions about the 'funk' happening on financial markets, in particular the Australian sharemarket
  • Consumers are seemingly happy with life while new home sales lifted sharply in the latest month

(I posted these better results earlier:

net result ... tumbleweeds)

More interestingly, for me anyway, was something else I saw earlier, again via CommSec:

It was from a presentation by a CBA analyst, saying that:

  • 78% of home loan customers are ahead in repayments
  • By 29 months on average (includes offset facilities)

That's from just one bank of course, the CBA. Which happens to be Australia's largest home loan lender.

For those looking for a housing-price-collapse-led-Australian-recession, it looks like you might have to wait a little longer. Still, the Aussie doomers have been calling recession for the past quarter of a century to no avail, what's another few years/decades?